The review of modern hydraulic fracturing (HF) technologies on decrease in risk high water cut is presented. Results of HF with use of Relative Permeability Modifiers, technologies ClearFRACTM and J-FRACTM per 2006-2008 in Western Siberia oilfields are shown, their comparison is given with “standard” hydraulic fracturing technologies. Problems are designated and recommendations in directions of perfection of hydraulic fracturing are given.